Fed Fast – Tele remittance from Gulf Countries
Through Fed Fast NRIs can make Rupee remittance from Gulf countries to the beneficiary’s account in India. Once the remitter remits money at the Bank / Exchange house in the Gulf, the amount is credited to the beneficiary’s account with Federal Bank / or any other Bank within a short span of time. Fed Fast is not restricted to the Federal Bank customers alone. Any NRI can remit funds through Fed Fast to account in with any bank in India.
Federal Bank has tie-up with reputed Exchange Houses and Banks in the Middle East. The state of the art technology procured by the bank, effects hassle free remittances to India, at express speed.
Remittance through Demand Drafts from GCC Countires
NRIs can make remittance to India by taking Demand Drafts from Exchange Companies in GCC Countries and mailing it to the beneficiary.
| U A E |
| Bank / Exchange Co. |
DD Drawing |
Fedfast(TT Issue) |
| Al Ahalia Money Exchange Bureau |
Yes |
Yes |
| Al Ansari Exchange |
Yes |
Yes |
| Al Fardan Exchange |
Yes |
Yes |
| Al Razouki International Exchange |
Yes |
Yes |
| Habib Exchange |
Yes |
Yes |
| Al Rostamani International Exchange |
Yes |
Yes |
| UAE Exchange Centre |
Yes |
Yes |
| Wall Street Exchange Centre |
Yes |
Yes |
| Orient Exchange |
... |
Yes |
| Emirates India International Exchange |
... |
Yes |
| Redha Al Ansari Exchange |
... |
Yes |
| Sharaf Exchange(old Central Exchange) |
... |
Yes |
| Alukkas Exchange |
Yes |
Yes |
| Asia Exchange |
... |
Yes |
| Lulu International Exchange |
Yes |
Yes |
| Multinet Trust Exchange |
... |
Yes |
| Al Ghurair Exchange |
... |
Yes
|
| Alfa Exchange |
... |
Yes |
| Alfalah Exchange Company |
... |
Yes |
| Leela Megh Exchange |
... |
Yes |
| Belhasa Global Exchange |
... |
Yes |
| OMDA Exchange |
... |
Yes |
| Delma Exchange |
... |
Yes |
| Bahrain |
| Bank / Exchange Co. |
DD Drawing |
Fedfast(TT Issue) |
| Arab Exchange Company |
... |
Yes |
| Bahrain Financing Company |
Yes |
Yes |
| Zenj Exchange Company |
Yes |
Yes |
| Bahrain India Intenational Exchange |
Yes |
Yes |
| Nonoo Exchange Company |
... |
Yes |
| Qatar |
| Bank / Exchange Co. |
DD Drawing |
Fedfast(TT Issue) |
| Natioal Exchange |
Yes |
Yes |
| Gulf Exchange |
Yes |
Yes |
| Doha Bank |
Yes |
Yes |
| Habib Qatar International Exchange |
Yes |
Yes |
| City Exchange |
Yes |
Yes |
| Al Jazeera Exchange |
... |
Yes |
| Al Zaman Exchange |
... |
Yes |
| Islamic Exchange |
... |
Yes |
| Al Dar For Exchange Works |
... |
Yes |
| Al Sadd Exchange |
... |
Yes |
| Kuwait |
| Bank / Exchange Co. |
DD Drawing |
Fedfast(TT Issue) |
| Bahrain Exchange Company |
Yes |
Yes |
| Dollarco Exchange |
Yes |
Yes |
| Al Mulla Exchange |
... |
Yes |
| UAE Exchange Centre |
... |
Yes |
| S. of Oman |
| Bank / Exchange Co. |
DD Drawing |
Fedfast(TT Issue) |
| Asia Express Exchange |
Yes |
Yes |
| Musandam Exchange |
Yes |
Yes |
| Majan Exchange |
... |
Yes |
| Oman & UAE Exchange |
Yes |
Yes |
| Purshottam Kanji Exchange |
Yes |
Yes |
| Modern Exchange |
... |
Yes |
| Saudi Arabia |
| Bank / Exchange Co. |
DD Drawing |
Fedfast(TT Issue) |
| Al Rajhi Bank |
Yes |
Yes |
| Arab National Bank |
Yes |
Yes |
| Bank al Bilad |
... |
Yes |
| Al Amoudi Exchange |
... |
Yes |
| National Commercial Bank |
... |
Yes |